Morningstar (MORN) Price to Book (2009 - 2026)
Morningstar's Price to Book was 6.88 in Q3 2026, up 8.1% from 6.36 a year earlier and up 20.3% from the prior quarter.
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Analysis
Morningstar (MORN) Price to Book (2009 - 2026) Analysis & Trends
For FY2025, Price to Book at Morningstar came in at 7.07, down 20.8% from FY2024.
- In earlier years, Price to Book was 8.92 in FY2024 (-3.2%), 9.21 in FY2023 (+20.8%), 7.62 in FY2022 (-26.8%) and 10.42 in FY2021 (+33.3%).
- Quarterly Price to Book has moved between 5.72 (Q2 2026) and 10.42 (Q4 2021) over five years.
- Compared with a year earlier, Price to Book was higher in 1 of the last eight quarters, with an average decline of 14.7%.
- The best year-over-year quarter for Price to Book over five years was Q4 2021 (growth of 33.3%); the worst was Q2 2026 (a decline of 30.3%).
- Per Business Quant data, MORN's Price to Book in the three quarters before Q3 2026 was 5.72 (Q2 2026), 6.31 (Q1 2026) and 7.07 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Msci | 235.55 Bn | 234.03 Bn | 739.80 Mn |
| 2 | S&P Global | 137.22 Bn | 132.42 Bn | 2.64 Bn |
| 3 | Moodys | 88.04 Bn | 81.11 Bn | 1.50 Bn |
| 4 | Verisk Analytics | 26.17 Bn | 22.36 Bn | 567.00 Mn |
| 5 | Equifax | 22.05 Bn | 21.44 Bn | 940.10 Mn |
| 6 | TransUnion | 15.64 Bn | 12.48 Bn | - |
| 7 | Factset Research Systems | 11.49 Bn | 10.35 Bn | 308.40 Mn |
| 8 | Morningstar | 9.15 Bn | 7.04 Bn | 431.40 Mn |
| 9 | Mastercard | 570.55 Bn | 530.63 Bn | - |
| 10 | Cme | 110.48 Bn | 98.81 Bn | 359.20 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 6.88 |
| Jun 30, 2026 | 5.72 |
| Mar 31, 2026 | 6.31 |
| Dec 31, 2025 | 7.07 |
| Sep 30, 2025 | 6.36 |
| Jun 30, 2025 | 8.20 |
| Mar 31, 2025 | 7.92 |
| Dec 31, 2024 | 8.92 |
| Sep 30, 2024 | 8.74 |
| Jun 30, 2024 | 8.84 |
| Mar 31, 2024 | 9.53 |
| Dec 31, 2023 | 9.21 |
| Sep 30, 2023 | 8.04 |
| Jun 30, 2023 | 6.77 |
| Mar 31, 2023 | 7.17 |
| Dec 31, 2022 | 7.62 |
| Sep 30, 2022 | 7.65 |
| Jun 30, 2022 | 8.28 |
| Mar 31, 2022 | 8.64 |
| Dec 31, 2021 | 10.42 |
API Access
Morningstar Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "MORN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();